Annual report pursuant to Section 13 and 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.2.0.727
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Sep. 30, 2014
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]  
Effects of the Adjustments to the Previously Reported Consolidated Statements Reconciliation
The table below reconciles the effects of the adjustments to the previously reported Consolidated Balance Sheets at September 30, 2014 and September 30, 2013 (including related tax effect):
 
   
September 30, 2014
   
September 30, 2013
 
   
Previously Reported
   
Adjustment
   
As Adjusted
   
Previously Reported
   
Adjustment
   
As Adjusted
 
Consolidated Balance Sheet
                       
Cash and cash equivalents
 
$
75,604
   
$
(12,601
)
 
$
63,003
   
$
58,959
   
$
(10,881
)
 
$
48,078
 
Deferred income taxes
   
13,283
     
4,914
     
18,197
     
9,826
     
4,243
     
14,069
 
Total current assets
   
573,915
     
(7,687
)
   
566,228
     
406,955
     
(6,638
)
   
400,317
 
Total assets
   
2,031,735
     
(7,687
)
   
2,024,048
     
1,215,900
     
(6,638
)
   
1,209,262
 
Retained earnings
   
806,040
     
(7,687
)
   
798,353
     
775,762
     
(6,638
)
   
769,124
 
Total shareholders' equity-Matthews
   
778,832
     
(7,687
)
   
771,145
     
549,465
     
(6,638
)
   
542,827
 
Total shareholders' equity
   
782,893
     
(7,687
)
   
775,206
     
552,930
     
(6,638
)
   
546,292
 
Total liabilities and shareholders' equity
   
2,031,735
     
(7,687
)
   
2,024,048
     
1,215,900
     
(6,638
)
   
1,209,262
 

The following tables reconcile the effects of the adjustments to the previously reported Consolidated Statements of Income for the fiscal years ended September 30, 2014, September 30, 2013 and September 30, 2012:
 
     
  September 30, 2014   
   
Previously Reported
   
Adjustment
   
As Adjusted
 
Consolidated Statements of Income
           
Other income (deductions), net
 
$
(3,161
 
)*
 
$
(1,720
)
 
$
(4,881
)
Income before income taxes
   
67,796
     
(1,720
)
   
66,076
 
Income taxes
   
(23,476
)
   
671
     
(22,805
)
Net income
   
44,320
     
(1,049
)
   
43,271
 
Net income attributable to Matthews shareholders
   
43,674
     
(1,049
)
   
42,625
 
Comprehensive income 4,558 (1,049 ) 3,509
Earnings per share attributable to Matthews shareholders:
                       
  Basic
   
1.54
     
(0.03
)
   
1.51
 
  Diluted
   
1.53
     
(0.04
)
   
1.49
 
 
      
September 30, 2013 
   
Previously Reported
   
Adjustment
   
As Adjusted
 
Consolidated Statements of Income
           
Other income (deductions), net
 
$
(2,538
 
)*
 
$
(1,257
)
 
$
(3,795
)
Income before income taxes
   
81,436
     
(1,257
)
   
80,179
 
Income taxes
   
(26,664
)
   
490
     
(26,174
)
Net income
   
54,772
     
(767
)
   
54,005
 
Net income attributable to Matthews shareholders
   
54,888
     
(767
)
   
54,121
 
Comprehensive income 92,997 (767 ) 92,230
Earnings per share attributable to Matthews shareholders:
                       
  Basic
   
1.99
     
(0.03
)
   
1.96
 
  Diluted
   
1.98
     
(0.03
)
   
1.95
 
 
     
         September 30, 2012  
 
   
Previously Reported
   
Adjustment
   
As Adjusted
 
Consolidated Statements of Income
           
Other income (deductions), net
 
$
(1,079
 
)*
 
$
(929
)
 
$
(2,008
)
Income before income taxes
   
83,921
     
(929
)
   
82,992
 
Income taxes
   
(28,717
)
   
362
     
(28,355
)
Net income
   
55,204
     
(567
)
   
54,637
 
Net income attributable to Matthews shareholders
   
55,843
     
(567
)
   
55,276
 
Comprehensive income 48,750 (567 ) 48,183
Earnings per share attributable to Matthews shareholders:
                       
  Basic
   
1.98
     
(0.02
)
   
1.96
 
  Diluted
   
1.98
     
(0.03
)
   
1.95
 
 
(*) Certain other reclassification adjustments are also reflected in the previously reported amounts to conform to the current presentation. These reclassification adjustments are not material to the prior years presentation
 
The following tables reconcile the effect of the adjustments to the previously reported Consolidated Statements of Cash Flows for the fiscal years ended September 30, 2014, September 30, 2013 and September 30, 2012:

   
September 30, 2014
 
   
Previously Reported
   
Adjustment
   
As Adjusted
 
Consolidated Statements of Cash Flows
           
Net income
 
$
44,320
   
$
(1,049
)
 
$
43,271
 
Increase in deferred taxes
   
5,893
     
(671
)
   
5,222
 
Net cash provided by operating activities
   
92,399
     
(1,720
)
   
90,679
 
Net change in cash and cash equivalents
   
16,645
     
(1,720
)
   
14,925
 
Cash and cash equivalents at beginning of year
   
58,959
     
(10,881
)
   
48,078
 
Cash and cash equivalents at end of year
   
75,604
     
(12,601
)
   
63,003
 

   
September 30, 2013
 
   
Previously Reported
   
Adjustment
   
As Adjusted
 
Consolidated Statements of Cash Flows
           
Net income
 
$
54,772
   
$
(767
)
 
$
54,005
 
Increase in deferred taxes
   
3,812
     
(490
)
   
3,322
 
Net cash provided by operating activities
   
109,326
     
(1,257
)
   
108,069
 
Net change in cash and cash equivalents
   
700
     
(1,257
)
   
(557
)
Cash and cash equivalents at beginning of year
   
58,259
     
(9,624
)
   
48,635
 
Cash and cash equivalents at end of year
   
58,959
     
(10,881
)
   
48,078
 

   
September 30, 2012
 
   
Previously Reported
   
Adjustment
   
As Adjusted
 
Consolidated Statements of Cash Flows
           
Net income
 
$
55,204
   
$
(567
)
 
$
54,637
 
Increase in deferred taxes
   
6,050
     
(362
)
   
5,688
 
Net cash provided by operating activities
   
83,326
     
(929
)
   
82,397
 
Net change in cash and cash equivalents
   
(3,403
)
   
(929
)
   
(4,332
)
Cash and cash equivalents at beginning of year
   
61,662
     
(8,695
)
   
52,967
 
Cash and cash equivalents at end of year
   
58,259
     
(9,624
)
   
48,635